Apple Nightmare Scenario Finally Priced in - Great Set-up for Earnings Report

This is likely the point where investors have finally made their peace with Apple's smartphone margins coming down sharply over the next 12 months - while the volumes disappoint simultaneously. As AAPL breaks to $411, several nightmare scenarios have been priced in. Wall Street expectations for spring quarter iPhone volume have been drifting below 30 M for months. After a rash of recent negative brokerage notes, the number is now probably at 27 M and moving lower. Samsung delivered a barnburner ...